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Under Section 2(42), a 'foreign company' is a company or body corporate:
AWith foreign directors
BIncorporated outside India which has a place of business in India and conducts business activity in India
CListed on a foreign exchange
DOwned by foreign nationals
Answer & Solution
Correct answer: B. Incorporated outside India which has a place of business in India and conducts business activity in India
A foreign company is one incorporated outside India that has a place of business in India (itself or via an agent, physically or electronically) and conducts business in India.
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